Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
By Mark Smith
In the year 2000, Tom Peters, in his characteristically bullish manner, suggested that within 10 years 90% of American white-collar jobs would have disappeared. His assertion was that this would be driven by intense global competition intensified by destructive local entrepreneurs, new productivity tools and global outsourcing.
Now with the benefit of hindsight, we can see that the number of job losses was clearly not as high as 90%, but it is also clear that many professions have undergone significant structural change with job-losses compounded (and possibly masked) by the deep recession. If you were to look at, for example, the finance or human resources functions in large organisations today, they would indeed look radically different to their predecessors that existed at the turn of the millennium. Technology, outsourcing and global competition have undoubtedly caused widespread and permanent change. Except in the law?
The law as a profession has always been slow to change. With often deeply risk-averse practitioners, protected from the cold winds of competition by layers of regulation, and operating in a market dominated by partnership organisational structures which because of their consensual nature are hugely change resistant, this is not surprising.
But at least here in the UK, change is very definitely afoot. Underpinned by the Legal Services Act, accelerated by the tough economic conditions, and with outsourcing and technology slowly beginning to take a foothold in the market, suddenly the future looks very different. For new lawyers entering the profession, what looked like a secure, linear path to a profitable and comfortable life as an equity partner now looks much less certain.
So where is this going? Will 90% of lawyer jobs disappear within the next 10 years? The short answer, is (as with Tom Peters original prediction), this is likely to be something
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234